New Century Bank of Fayetteville Changes Name to New Century Bank South
30 Janeiro 2006 - 3:06PM
PR Newswire (US)
Bank chooses new name to prepare for growth opportunities.
FAYETTEVILLE, N.C., Jan. 30 /PRNewswire-FirstCall/ -- New Century
Bank of Fayetteville has changed its name to New Century Bank South
announced William L. "Bill" Hedgepeth, president and chief
executive officer of the bank. "As we grow, we will look at
opportunities within Fayetteville and beyond," Hedgepeth said. "To
prepare for that, we believe that changing our name to something
that works beyond the Fayetteville city limits is appropriate."
Signage for New Century Bank South is expected to go up during the
first quarter of 2006. "Nothing, including account numbers, will
change for our customers," Hedgepeth shared. "They can continue to
use their New Century Bank of Fayetteville checks and other
documents. As they order new checks, ATM cards, and other
documents, going forward, they will be replaced with New Century
Bank South documents. New Century Bank South is headquartered in
Fayetteville, North Carolina. New Century Bancorp, the holding
company for New Century Bank and New Century Bank South, reported
total assets of $401.5 million as of September 30, 2005. Stock
Symbol: NCBC - OTC Electronic Bulletin Board
http://www.newcenturybanknc.com/ The information as of and for the
quarter ended September 30, 2005, as presented is unaudited. This
news release may contain forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995,
including, without limitation, (i) statements regarding certain of
our goals and expectations with respect to earnings, earnings per
share, revenue, expenses and the growth rate in such items, as well
as other measures of economic performance, including statements
relating to estimates of credit quality trends, and (ii) statements
preceded by, followed by or that include the words "may", "could",
"should", "would", "believe", "anticipate", "estimate", "expect",
"intend", "plan", "projects", "outlook" or similar expressions. The
actual results might differ materially from those projected in the
forward-looking statements for various reasons, including, but not
limited to, our ability to manage growth, our limited operating
history, substantial changes in financial markets, regulatory
changes, changes in interest rates, loss of deposits and loan
demand to other savings and financial institutions, and changes in
real estate values and the real estate market. Additional
information concerning factors that could cause actual results to
materially differ from those in the forward-looking statements is
contained in the Company's SEC filings, including its periodic
reports under the Securities Exchange Act of 1934, as amended,
copies of which are available upon request from the Company. First
Call Analyst: FCMN Contact: DATASOURCE: New Century Bank of
Fayetteville CONTACT: William L. "Bill" Hedgepeth of New Century
Bank of Fayetteville, +1-910-485-5855, or Web site:
http://www.newcenturybanknc.com/
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